Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
Alphaform AG, established in 1995 and headquartered in Feldkirchen, Germany, specializes in advanced 3D additive manufacturing techniques, often referred to as generative layering technologies, and the production of medical devices. The company's operations extend across Germany, the broader European continent, Turkey, and the United States. Its activities are organized into three primary divisions: AM Plastics/Modelling, AM Metal/Rapid Tooling, and Precision Casting. Alphaform provides expert consultation on product development processes and manufactures both virtual and physical prototypes, in addition to small production series. Their product range includes prototype parts and models crafted from resins and plastic powders, as well as plastic and metal components primarily for the automotive industry. A significant aspect of their work involves producing various medical implants, such as hip and knee joint replacements, cranial trauma plates, and clips designed for tendon repair during surgical procedures. Their extensive clientele encompasses diverse sectors including automotive, machinery, plant and commercial vehicle construction, aerospace, toolmaking, medical technology, household appliances, and telecommunications, alongside electro-technical enterprises, universities, and research institutions.
Company Valuation
From both historical and forecast perspectives, the stock is considerably underpriced compared to similar stocks. In particular, the stock is 'cheap' on EV/EBITDA.